Value at Risk

‘If you trust government,
you obviously failed history class.’
— Senator John Kennedy (R-LA)

“The Attributes of the Arts and the Rewards Which Are Accorded Them” | Jean-Baptiste-Siméon Chardin (1766)

From the Wikipedia:  Elementary and Secondary Education Act of 1965:

“…Title I (“Title One”), which is a provision of the Elementary and Secondary Education Act passed in 1965, is a program created by the U.S. Department of Education to distribute funding to schools and school districts with a high percentage of students from low-income families, with the intention to create programs that will better children who have special needs that without funding could not be properly supported.^[5] Funding is distributed first to state educational agencies (SEAs) which then allocate funds to local educational agencies (LEA’s) which in turn dispense funds to public schools in need.^[6] Title I also helps children from families that have migrated to the United States and youth from intervention programs who are neglected or at risk of abuse. The act allocates money for educational purposes for the next five fiscal years until it is reauthorized.^[7] In addition, Title I appropriates money to the education system for the persecution of high retention rates of students and the improvement of schools; these appropriations are carried out for five fiscal years until reauthorization.^[7][8]

According to the National Center for Education Statistics, to be an eligible Title I school, at least 40% of a school’s students must be from low-income families who qualify under the United States Census‘s definition of low-income, according to the U.S. Department of Education.^[6][9]

Title I mandates services both to eligible public school students and eligible private school students.^[6] This is outlined in section 1120 of Title I, Part A of the ESEA as amended by the No Child Left Behind Act (NCLB). Title I states that it gives priority to schools that are in obvious need of funds, low-achieving schools, and schools that demonstrate a commitment to improving their education standards and test scores.

There are two types of assistance that can be provided by Title I funds.^[6] The first is a “schoolwide program” in which schools can dispense resources in a flexible manner.^[10] The second is a “targeted assistance program” which allows schools to identify students who are failing or at risk of failing.^[6]

Assistance for school improvement includes government grants, allocations, and reallocations based on the school’s willingness to commit to improving their standing in the educational system. Each educational institution requesting these grants must submit an application that describes how these funds will be used in restructuring their school for academic improvement.^[8]

Schools receiving Title I funding are regulated by federal legislation. Most recently, this legislation includes the No Child Left Behind Act, which was passed in 2001.^[6] In the 2006–2007 school year, Title I provided assistance to over 17 million students who range from kindergarten through twelfth grade.^[6] The majority of the funds (60%) were given to students between kindergarten through fifth grade.^[6] The next highest group that received funding were students in sixth through eighth grade (21%).^[6] Finally, 16% of the funds went to students in high school with 3% provided to students in preschool.^[6]

Link to original legislation:

EIGHTY-NINTH CONGRESS / April 11, 1965